Turkish currency depreciation 50% US accelerated comprehensive harvest

On December 19, TAYYIP Erdogan issued a speech, said that there is confidence to reduce the national inflation rate to 4% again. However, this slogan is more than 50% of the recent currency depreciation, and Turkey, which is more than 21% of inflation rate, may be nothing, not to say that this problem is not the Turkey itself can solve.

This kind of experience in Turkey is expected because in April 2021, Turkey has a phenomenon of 15% of the Turkey. This phenomenon is "big release" in the same period of the United States. Relationship. From January 20020 to March 202, the US government's financial stimulus measures reached 5 trillion US dollars. It is quite 25% of the total domestic product (GDP) of the United States in the past year, or is equivalent to 31% of China's 2020 annual GDP.

In the context of big water, in March 202, the US debt interest rate rose, and the global market has undertaken American inflation in the US dollar international status. Since the beginning of 2021, the global commodity prices, energy prices, and food prices continue to soar. By the first half of 2021, the global crude oil increased more than 35%, and the increase of copper and threaded steel was approaching 30%. The iron ore increased nearly 18%, and the power coal gains up to 26%. Many emerging markets, including Turkey, Argentina, have been pressed and selected forced hikes.

Soon, Argentina and other countries have skyrocket in the first quarter of 2021: the average price of Argentine fruit increased by 228% from March 2021; the price of potatoes increased by 114%, and the average price of meat increased by 103. %, The price of vegetables also increased by 88%. Turkey's vegetables in the first quarter of 2021, the food prices also increased by more than 30%, but the economic growth brought by Turkish real estate projects temporarily masked the structural contradiction between China.
In the case of this crisis source, the United States may also be difficult to control more. Washington, although in November 2021, the amount of water that lasts more than a year, it is only the power of the depression of the epidemic, and Janet Yellen has emphasized that "controlling the epidemic is inhibition of inflation. Key "," If the epidemic is well controlled, the momentum of daily necessities such as crude oil, cars, will soared in the second half of 2022. "

However, considering the means of controlling the epidemic in the United States is limited to injection vaccines, and the mandatory injections of the Joe Biden authorities have been boycotted in early November, and the new "Okeki" variant has a risk of breaking through the vaccine. It means that Washington is difficult to effectively control the epidemic in the short term, and then control the inflation with itself. The global price is soaring, and the energy "super cycle" and other emerging market countries will also be in 2022. The crisis shows the bottom line of the United States to harvest the world.Turkish currency depreciation 50% US accelerated comprehensive harvest